GRUPO AVAL ACCIONES Y VALORES S.A. ADR - Daily - Technical analysis published on 11/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.24 USD
My targets
8.94 USD (+5.55%)
9.45 USD (+11.57%)
My analysis
GRUPO AVAL ACCIONES Y VALORES S.A. ADR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.24 USD. The next resistance located at 8.94 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 9.45 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GRUPO AVAL ACCIONES Y VALORES S.A. ADR price is 8.47 USD. The price has increased by +1.56% since the last closing and was between 8.30 USD and 8.64 USD. This implies that the price is at +2.05% from its lowest and at -1.97% from its highest.8.30
8.64
8.47
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GRUPO AVAL ACCIONES Y VALORES S.A. ADR in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 7.71 | 7.93 | 8.24 | 8.47 | 8.94 | 9.45 |
| Change (%) | -8.97% | -6.38% | -2.72% | - | +5.55% | +11.57% |
| Change | -0.76 | -0.54 | -0.23 | - | +0.47 | +0.98 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.83 | 7.98 | 8.17 | 8.32 | 8.51 | 8.66 | 8.85 |
| Camarilla | 8.26 | 8.29 | 8.32 | 8.35 | 8.38 | 8.41 | 8.44 |
| Woodie | 7.84 | 7.99 | 8.18 | 8.33 | 8.52 | 8.67 | 8.86 |
| Fibonacci | 7.98 | 8.11 | 8.19 | 8.32 | 8.45 | 8.53 | 8.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.40 | 7.64 | 7.98 | 8.21 | 8.56 | 8.79 | 9.13 |
| Camarilla | 8.16 | 8.21 | 8.27 | 8.32 | 8.37 | 8.43 | 8.48 |
| Woodie | 7.45 | 7.66 | 8.03 | 8.24 | 8.61 | 8.82 | 9.19 |
| Fibonacci | 7.64 | 7.86 | 7.99 | 8.21 | 8.43 | 8.57 | 8.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.61 | 6.93 | 7.54 | 7.87 | 8.48 | 8.81 | 9.42 |
| Camarilla | 7.89 | 7.98 | 8.06 | 8.15 | 8.24 | 8.32 | 8.41 |
| Woodie | 6.75 | 7.00 | 7.68 | 7.94 | 8.62 | 8.88 | 9.56 |
| Fibonacci | 6.93 | 7.29 | 7.51 | 7.87 | 8.23 | 8.45 | 8.81 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 80.02 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 33.05 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 8.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.83 | |
| Elder Ray (13): | 0.49 | |
| Super Trend (3,10): | 7.89 | |
| Zig ZAG (10): | 8.47 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 90.00 | |
| TEMA (21): | 8.28 | |
| Williams %R (14): | -13.21 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | 4.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 19.90 |
| MA7: | 8.16 | |
| MA20: | 7.72 | |
| MA50: | 7.54 | |
| MA100: | 7.56 | |
| MAexp7: | 8.17 | |
| MAexp20: | 7.85 | |
| MAexp50: | 7.64 | |
| MAexp100: | 7.52 | |
| Price / MA7: | +3.80% | |
| Price / MA20: | +9.72% | |
| Price / MA50: | +12.33% | |
| Price / MA100: | +12.04% | |
| Price / MAexp7: | +3.67% | |
| Price / MAexp20: | +7.90% | |
| Price / MAexp50: | +10.86% | |
| Price / MAexp100: | +12.63% |
News
The latest news and videos published on GRUPO AVAL ACCIONES Y VALORES S.A. ADR at the time of the analysis were as follows:
- Grupo Aval Acciones y Valores SA to Host Earnings Call
- Investor Network: Grupo Aval Acciones y Valores SA to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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